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Beef, Pork Prices to Rise

Fuse/Thinkstock(NEW YORK) -- Consumers are expected to pay more this spring for beef and pork products thanks in part to the weather.

Meatpackers paid record prices after cattle futures traded in Chicago rose to new highs. Hog futures are at their most expensive in more than two years.

The rising costs followed a long drought in ranching states that led to tight supplies.

The Wall Street Journal says live-cattle futures have jumped 10 percent so far this year.

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